Analysis On Ferrovanadium Operating Rate And Output Statistics In May 2023 According to the incomplete statistics of 33 ferrovanadium production enterprises on FerroAlloyNet, there were about 15 enterprises in production in May, and the operating rate was about 45.5%, an increase of 3.1% from the previous month; the total output of ferrovanadium was about 3,621 tons (including about 2,045 tons of ferrovanadium50 and about 985 tons of ferrovanadium80), an increase of 839 tons from the previous month, an increase of about 30.1%. In May, the transaction of ferrovanadium fell to a low level, and the downstream stockpiling was active. Liaoning manufacturers received more orders this month, and most manufacturers began to arrange production. However, the weak terminal demand has not changed and production is basically hovering around the cost line. The overall production sentiment of ferrovanadium manufacturers is still relatively cautious, and they mostly produce according to orders.

Product Operating rate Change MOM(%) Output(Ton) Change MOM(Ton)
ferrovanadium 45.50% ↑3.1% 3621 ↑839